RCI FY2025 EPS Estimate Lowered by National Bank Financial

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial cut their FY2025 earnings per share estimates for shares of Rogers Communications in a note issued to investors on Tuesday, February 11th. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings per share of $2.38 for the year, down from their prior estimate of $2.48. The consensus estimate for Rogers Communications' current full-year earnings is $3.58 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $2.68 EPS.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%.

Several other brokerages have also weighed in on RCI. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Bank of America cut Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley began coverage on Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.75.

Rogers Communications Price Performance

Shares of Rogers Communications stock traded down $0.23 on Thursday, hitting $28.04. The company's stock had a trading volume of 833,101 shares, compared to its average volume of 1,233,312. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications has a 1 year low of $26.57 and a 1 year high of $45.93. The firm has a fifty day moving average price of $29.73 and a 200-day moving average price of $35.38. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.37 and a beta of 0.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Rogers Communications in the third quarter valued at approximately $323,000. Grove Bank & Trust lifted its holdings in Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 302 shares during the last quarter. Creative Planning lifted its holdings in Rogers Communications by 2.2% in the third quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider's stock valued at $896,000 after acquiring an additional 486 shares during the last quarter. Nexus Investment Management ULC acquired a new position in Rogers Communications in the third quarter valued at approximately $203,000. Finally, JTC Employer Solutions Trustee Ltd increased its holdings in Rogers Communications by 1.0% in the third quarter. JTC Employer Solutions Trustee Ltd now owns 100,409 shares of the Wireless communications provider's stock valued at $4,043,000 after buying an additional 1,014 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be issued a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Monday, March 10th. Rogers Communications's dividend payout ratio is currently 60.78%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.